Examlex
When an indorser includes some specific instruction in an indorsement,it is known as a(n) ________ indorsement.
Business Ownership
Business Ownership refers to the legal possession of a business, which includes the right to control its operations and profit from its activities.
Sole Proprietorship
A business structure where a single individual both owns and runs the company, bearing unlimited liability for its debts.
Limited Liability Company
A corporate framework that merges the direct taxation benefit of partnerships or sole proprietorships with the corporation's advantage of limited liability.
Corporation
A legal entity that is separate from its owners, offering limited liability to its shareholders, and is able to own assets, incur liabilities, and enter into contracts.
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